Is 98409, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98409 has remained a Seller's Market.
Housing Prices in 98409, WA
How much do homes in 98409, WA cost?
Median Sold Price
$400,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98409 was $400,000 in April 2024, down 0.3% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260.7K | $297.5K | +14.1% |
2 Bedrooms | $347.2K | $365K | +5.1% |
3 Bedrooms | $409.5K | $415K | +1.3% |
4 Bedrooms | $450K | $463K | +2.9% |
5+ Bedrooms | $515K | $511.7K | -0.6% |
Summary: 98409 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in 98409, WA
How many homes are available in 98409, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 74 | +1.4% |
Summary: The 98409 real estate market had 74 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 28 | 27 | -3.6% |
3 Bedrooms | 28 | 31 | +10.7% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 98409 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 98409 in April 2024, up by 13.6% month-over-month. Of the 25 sold homes, 32% were sold under asking, 28% were sold at asking, and 40% were sold over asking.
Days on Market for 98409, WA
How long does it take to sell a home in 98409, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 38 Days | +156.4% |
Summary: Homes in 98409 had an average of 38 days on market in Apr 2024, up by 156.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in 98409; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.